Puts have done very well on small caps (chart is linked). Now indicators, especially RSI, show that selling needs a pause and IWM can rally up from here.
I bought weekly 198 calls and will exit between today and Wednesday. For this trade I am making a full exit if price breaks 191.
I bought weekly 198 calls and will exit between today and Wednesday. For this trade I am making a full exit if price breaks 191.
Trade closed manually:
With VIX and IV up I decided to take all call profits in a day trade. Bought at 2.89, closed at 3.50 and 4.03
